China News by Thebittimes.Com

Formal Fed senior adviser John Rodgers was arrested Friday for allegedly leaking trade secrets to China. Washington DC’s district attorney revealed in a press release that Rodgers, 63, is charged with conspiring to steal Federal Reserve trade secrets for the benefit of the People’s Republic of China. JUST IN: Former Senior Adviser to the Federal Reserve John Rogers arrested for leaking trade secrets to China. — Watcher.Guru (@WatcherGuru) January 31, 2025 The DA says the former Fed senior adviser allegedly made false statements to the Fed Board Office of Inspector General. Those false statements had a material impact on its investigation, the DA says. “The indictment, unsealed today, was announced by U.S. Attorney Edward R. Martin, Jr., FBI Assistant Director in Charge David Sundberg of the Washington Field Office, and John T. Perez, Special Agent in Charge, Headquarters Operations, Office of Inspector General for the Board of Governors of the Federal Reserve System and Con...

A sixth Chinese national has been arrested in Sydney following their alleged role in an Australia -based crypto scam that was able to extract over $100 million from American victims through the manipulation of crypto and forex exchanges.  The 34-year-old Chinese national living in Sydney is alleged to have used both bank and crypto accounts to facilitate cash deposits in an attempt to launder the crypto scam funds.  The US Secret Service tipped off Australian Federal Police (AFP) about the crypto scam and its links to Australia in August 2022. Soon after, Australia’s cybercrime department discovered that a criminal syndicate was relying predominantly on Chinese students living in Australia to prop up the scam. The scam itself involved the use of “a sophisticated mix” of dating sites, employment sites, and messaging platforms to bait victims into investing in fraudulent and legitimate crypto and forex trading sites. Victims were shown false positive returns on investments, lulli...